December 22, 2009

The London Stock Exchange (LSE) yesterday formally announced that proceeds to buy a majority stake in the platform Turquoise, expecting to significantly increase the volume of transactions over a period of intense competition.

The LSE will acquire a 60% share in Turquoise, and will invest up to 20 million pounds in the alternative trading platform, which will merge with the platform trade secret (dark pool) Vaikal.

Recalled that Turquoise was founded in 2006 by a consortium of nine major investment banks, who wanted to wrest customers from the traditional exchanges.

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